SYS-CON MEDIA Authors: Dana Gardner, Elizabeth White, Yeshim Deniz, Peter Silva, Blue Box Blog

News Feed Item

CORRECTING and REPLACING eCurv Inc. raises $2.5 Million in Series A funding round to reduce electricity costs for commercial customers

Headline of release should read: eCurv Inc. raises $2.5 Million in Series A funding round to reduce electricity costs for commercial customers (instead of Led by Constellation, eCurv Inc. raises $2.5 Million in Series A funding round to reduce electricity costs for commercial customers).

The corrected release reads:

ECURV INC. RAISES $2.5 MILLION IN SERIES A FUNDING ROUND TO REDUCE ELECTRICITY COSTS FOR COMMERCIAL CUSTOMERS

eCurv, Inc., a privately held technology firm rolling out a patented means to reduce electricity charges for commercial customers, announced today it has closed a $2.5 million Series A round of funding led by Constellation Technology Ventures, the venture capital arm of Exelon Corporation. Other investors include Vodia Ventures and Massachusetts Clean Energy Center. The funding will be used to scale eCurv’s operations and hire new employees.

Modeled after the digital queuing technology that has enabled the IT and mobile telecommunications sectors to profitably scale their service capacity for over 20 years, eCurv’s QPACTM (Queued Power Access) service automatically queues the access of electric loads, such as HVAC systems, electric pumps, motors, battery charging, and heating and refrigeration equipment, avoiding expensive peak demand events.

“eCurv’s new method for electricity distribution reliably reduces utility charges through the digital queuing of electric loads,” said Edison Almeida, president and CEO of eCurv. “eCurv’s QPACTM software service delivers significant reduction in the demand component of our customers’ electricity bill with no modifications to their existing equipment.”

“eCurv offers commercial customers a simple, smart solution for reducing peak electricity demand,” said Michael Smith, Constellation vice president and head of Constellation Technology Ventures. “eCurv’s innovation has the potential to transform how electric loads interact with energy supply for a wide variety of demand management applications.”

Vodia Ventures co-founder and managing director Julianne Zimmerman noted, “eCurv has demonstrated the value of its service to reduce costly electric power demand spikes in real time, complementing existing demand management services operating in hour, 30-minute, 15-minute, and shorter timeframes. eCurv’s QPACTM service addresses a critical unmet need, and benefits both commercial customers and power suppliers alike.”

“eCurv’s cutting-edge technology is truly pioneering a new way to reduce peak demand, creating savings for its customers at the same time it reduces the use of dirty fossil fuels,” said MassCEC CEO Alicia Barton. “This type of revolutionary approach is what Massachusetts clean energy companies do best, and MassCEC is excited to partner with eCurv in this effort.”

About eCurv

eCurv, Inc. is a Cambridge, MA venture founded in 2011. eCurv has introduced a patented method for electricity distribution that reduces utility charges for commercial customers. eCurv’s QPACTM (Queued Power Access) software service is available for immediate delivery, is secure and reliable. eCurv’s QPACTM service seamlessly integrates with building automation systems, electric equipment with networked controls, machine to machine networks, and other emerging technologies to holistically achieve integrated energy efficiency. For more information, visit: http://www.ecurv.com

About Constellation

The Constellation family of retail electricity and natural gas suppliers (www.constellation.com) are subsidiaries of Exelon Corp., and are leading competitive retail suppliers of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation’s retail businesses serve more than 100,000 business and public sector customers, including more than two-thirds of the Fortune 100, and nearly one million residential customers.

Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2013 revenues of approximately $24.9 billion. Headquartered in Chicago, Exelon has operations and business activities in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).

About Vodia Ventures

Vodia Ventures invests seed capital in companies focused on cracking open “unsolvables” associated with persistently unmet customer demands in energy, water, food security, and public health. Vodia Ventures believes these unsolvables share key structural characteristics which are ripe for technology-enabled innovation and long-term value creation. Vodia Ventures is headquartered in Concord, MA. For more information, visit www.vodiaventures.com

About MassCEC

Created by the Green Jobs Act of 2008, the Massachusetts Clean Energy Center (MassCEC) is dedicated to accelerating the success of clean energy technologies, companies and projects in the Commonwealth—while creating high-quality jobs and long-term economic growth for the people of Massachusetts. Since its inception in 2009, MassCEC has helped clean energy companies grow, supported municipal clean energy projects and invested in residential and commercial renewable energy installations creating a robust marketplace for innovative clean technology companies and service providers. For more information, visit www.masscec.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The Internet of Things Maturity Model (IoTMM) is a qualitative method to gauge the growth and increasing impact of IoT capabilities in an IT environment from both a business and technology perspective. In his session at @ThingsExpo, Tony Shan will first scan the IoT landscape and investigate the major challenges and barriers. The key areas of consideration are identified to get started with IoT journey. He will then pinpoint the need of a tool for effective IoT adoption and implementation, whic...
Working with Big Data is challenging, especially when decision makers depend on market insights and intelligence from your data but don't have quick access to it or find it unusable. In their session at 6th Big Data Expo, Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia; Zel Bianco, President, CEO and Co-Founder of Interactive Edge of Solgenia; and Ermanno Bonifazi, CEO & Founder at Solgenia, discussed how a revolutionary cloud-based BI along with mobile analytics is already c...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company...
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
SYS-CON Events announced today that dcVAST, a leader in IT infrastructure management, support service and cloud service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. dcVAST provides cutting-edge IT services and IT infrastructure management services. dcVAST builds robust systems that are simple, secure and serviceable. dcVAST’s IT infrastructure support and IT services expertise can help companies r...
“This win means a great deal to us because it is decided by the readers – the people who understand how use of our technology enables new insights that drive the business,” said Matt Davies, senior director, EMEA marketing, Splunk. “Splunk Enterprise enables organizations to improve service levels, reduce operations costs, mitigate security risks, enhance DevOps collaboration, create new product and service offerings and obtain deeper insight into customer behavior. Being named Best Business App...
In his session at DevOps Summit, Andrei Yurkevich, CTO at Altoros, provided an overview of all the benefits and opportunities, as well as drawbacks of deploying Cloud Foundry PaaS with Juju and compared it to BOSH. Discover the features that overlap, and understand what Juju Charm is, what it is not, where you use one or the other or where you use both BOSH and Juju Charms together. Andrei Yurkevich is Cloud Foundry protagonist and CTO at Altoros. Under his supervision, the Altoros engineering ...
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
Shipping daily, injecting faults, and keeping an extremely high availability "without Ops"? Understand why NoOps does not mean no operations. Agile development methodologies require evolved operations to be successful. In his keynote at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how Microsoft teams who have made huge progress with a DevOps transformation effectively utilize operations staff and how challenges were overcome. Regardless ...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
Software is eating the world. Companies that were not previously in the technology space now find themselves competing with Google and Amazon on speed of innovation. As the innovation cycle accelerates, companies must embrace rapid and constant change to both applications and their infrastructure, and find a way to deliver speed and agility of development without sacrificing reliability or efficiency of operations. In her Day 2 Keynote DevOps Summit, Victoria Livschitz, CEO of Qubell, discussed...
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...